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ETFs

HOM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 09 2021
Expense Ratio
0.34%
Type
Global Diversified
Fund Owner
LifeGoal Investments
Volume (1m avg. daily)
$3,727
AUM
$1,296,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US DOLLARS
100.00%
n/a
Derivatives offset
0.00%
Invest with HOM

What is HOM?

The Homeowner Investment Fund invests in a portfolio of fixed income securities, equity securities and commodities. The Homeowner Investment Fund will gain exposure to such equity securities, fixed income securities and commodities indirectly by investing in both actively and passively managed mutual funds and exchange-traded funds (collectively, the underlying funds ). Equity securities include common stock, preferred stock, or securities convertible into common stock and may be of issuers of any capitalization. Fixed income securities include debt securities of varying maturities, debt securities paying a fixed or fluctuating rate of interest, and fixed income or debt securities of any kind, including, by way of example, securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, by municipalities, by foreign governments or international agencies or supranational entities, or by domestic or foreign private issuers, including corporate loans, debt securities convertible into equity securities and inflation-indexed bonds. In addition to underlying funds, the Homeowner Investment Fund may only invest directly in U.S. large and mid-cap equity securities, U.S. investment grade corporate and municipal bonds, U.S. Treasuries and Treasury inflation-protected securities (TIPS). The Homeowner Investment Fund will typically invest 5 15% of its assets in securities of companies in housing related industries including home furnishing companies, appliance companies, home builders and lumber companies.

ETFs related toHOM

ETFs correlated to HOM include AOK, AOM, DIAL

HOM
Northern Lights Fund Trust II - LifeGoal Home Down Payment Investment ETF
AOK
BlackRock Institutional Trust Company N.A. - iShares Core Conservative Allocation ETF
AOM
BlackRock Institutional Trust Company N.A. - iShares Core Moderate Allocation ETF
DIAL
Columbia ETF Trust I - Columbia Diversified Fixed Income Allocation ETF
HNDL
Strategy Shares - Nasdaq 7HANDL Index ETF 1.23x Shares
AOR
BlackRock Institutional Trust Company N.A. - iShares Core Growth Allocation ETF
BYLD
BlackRock Institutional Trust Company N.A. - iShares Yield Optimized Bond ETF
CGMS
Capital Group Fixed Income ETF Trust - Capital Group U.S. Multi-Sector Income
NTSX
WisdomTree Trust - WisdomTree U.S. Efficient Core Fund
RPAR
Tidal ETF Trust - RPAR Risk Parity ETF
AOA
BlackRock Institutional Trust Company N.A. - iShares Core Aggressive Allocation ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHOM

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with HOM using Composer

FAQ

HOM is a Global Diversified ETF. The Homeowner Investment Fund invests in a portfolio of fixed income securities, equity securities and commodities. The Homeowner Investment Fund will gain exposure to such equity securities, fixed income securities and commodities indirectly by investing in both actively and passively managed mutual funds and exchange-traded funds (collectively, the underlying funds ). Equity securities include common stock, preferred stock, or securities convertible into common stock and may be of issuers of any capitalization. Fixed income securities include debt securities of varying maturities, debt securities paying a fixed or fluctuating rate of interest, and fixed income or debt securities of any kind, including, by way of example, securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, by municipalities, by foreign governments or international agencies or supranational entities, or by domestic or foreign private issuers, including corporate loans, debt securities convertible into equity securities and inflation-indexed bonds. In addition to underlying funds, the Homeowner Investment Fund may only invest directly in U.S. large and mid-cap equity securities, U.S. investment grade corporate and municipal bonds, U.S. Treasuries and Treasury inflation-protected securities (TIPS). The Homeowner Investment Fund will typically invest 5 15% of its assets in securities of companies in housing related industries including home furnishing companies, appliance companies, home builders and lumber companies.

Yes, HOM is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, HOM is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HOM is -0.0036%. This is the percent change in the value of HOM over the most recent 1-month period. The 3-month return on HOM is 0.0237%. This is the percent change in the value of HOM over the most recent 3-month period.

The standard deviation of HOM for the past year is 0.1057%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HOM include DRSK, YLD, and FPEI.

ETFs correlated to HOM include AOK, AOM, and DIAL.

ETFs that are inversely correlated to HOM include SJB, SPDN, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.